The Atlantic Monthly, Volume 10, No. 59, September, 1862: A Magazine of Literature, Art, and PoliticsVarious
History
The Atlantic Monthly, Volume 10, No. 59, September, 1862: A Magazine of Literature, Art, and Politics
Various
American periodicals
In his discussion of the tariff question, Mr. Bigelow assumes it as a
settled principle of national policy that revenue should be raised by
duties on imports. To clear the ground from ambiguity, he states exactly
what he means when he uses the terms "free-trade" and "protection," and
then proceeds to describe and explain the tariff-policy of Great
Britain. Not without good reason does he give this prominence to the
action of that great power. It is not merely that England stands at the
head of manufacturing and commercial nations, or that our
business-connections with her are intimate and extensive. The fact which
makes English policy so important an element in the discussion is found
in the persistent and too often successful efforts of that country to
shape American opinion and legislation on questions of manufacture and
trade. Nowhere else have we seen the utter fallacy of the free-trade
argument, as urged by Great Britain on other countries upon the strength
of her own successful example, so clearly shown. The nature, object,
extent, and motive of the tariff-reforms effected by Sir Robert Peel and
Mr. Gladstone are made plain, not only by the quoted explanations of
those statesmen, but by statistical facts and figures. Until she had
carried her manufactures to a height of prosperity where competition
could no longer touch them, England was, of all nations, the most
protective. Then she became of a sudden wondrously liberal. Her
protective laws were abolished, and, with a mighty show of generosity,
she opened her ports to the commerce of the world. Foreign producers
were magnanimously told that they could send their goods freely into
England at a time when English manufactures were underselling and
supplanting theirs in their own markets. The sacrifice of duties
actually made by England on foreign manufactures, and which she paraded
before the world as a reason why other nations should imitate and
reciprocate her action, amounted, as we learn from the work before us,
to this immense annual sum of two hundred and eighteen thousand dollars,
being "less than one-fourth part of the tax which Englishmen annually
pay for the privilege of keeping their dogs!"
It is true that the exports and trade of England have increased with
extraordinary rapidity since 1853, and that the free-trade economists of
that country ascribe this great prosperity in large degree to their
alleged reforms. That they have no good ground for such a representation
is shown conclusively by Mr. Bigelow. During the same period, France,
with high protection, and the United States, with moderate protection,
made equal or even greater advances. The causes of this increased
prosperity must, therefore, have been general in their nature and
influence. The progress of invention and discovery, and the increased
supply of gold, are mentioned by the author as among the most efficient.
Public-domain text, read in full here on John Shaqi.
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